Insider Selling: Zillow Group, Inc. (Z) CEO Sells 58,050 Shares of Stock
Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 58,050 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $44.64, for a total transaction of $2,591,352.00. Following the completion of the transaction, the chief executive officer now directly owns 70,050 shares in the company, valued at approximately $3,127,032. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Zillow Group, Inc. (NASDAQ Z) opened at $44.70 on Friday. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a one year low of $32.56 and a one year high of $51.23.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%.
Several research firms recently weighed in on Z. Canaccord Genuity lifted their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Morgan Stanley raised shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a research note on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Zillow Group presently has a consensus rating of “Buy” and a consensus price target of $48.81.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Zillow Group, Inc. (Z) CEO Sells 58,050 Shares of Stock” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-zillow-group-inc-z-ceo-sells-58050-shares-of-stock-2/1839725.html.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.